LIBURNI: what changed
Two fiscal years side by side, explained: what moved most in the balance sheet and the result, why the result rose or fell, and where the money went.
LIBURNI
Largest movements
- Stocks and contracts -€2.2m
down €2.2m (-17.0%), from €13.1m to €10.9m
- Cash +€523,952
up €523,952 (+78.1%), from €670,547 to €1.2m
mainly Stocks and contracts (+€2.2m) and Net result for the year (+€654,698)
- Receivables within one year -€509,074
down €509,074 (-14.0%), from €3.6m to €3.1m
of which Other amounts receivable: -€512,054
- Short-term financial debts -€2.2m
down €2.2m (-29.7%), from €7.4m to €5.2m
- Other debts -€800,900
down €800,900 (-25.4%), from €3.2m to €2.4m
- Reserves +€654,698
up €654,698 (+9.2%), from €7.1m to €7.7m
of which Distributable reserves: +€654,698
- Turnover -€6.5m
down €6.5m (-59.4%), from €10.9m to €4.4m
- Goods and materials -€5.3m
down €5.3m (-61.3%), from €8.6m to €3.3m
of which Change in stocks: decrease (increase): -€5.7m
- Financial charges -€339,144
down €339,144 (-59.3%), from €572,151 to €233,007
- Taxes -€221,647
down €221,647 (-49.6%), from €446,826 to €225,179
of which Taxes: -€220,975
From the 2024 result to the 2025 result
Each bar is the change in one income-statement line, as its effect on the result: higher costs pull it down, higher income lifts it.
Cash bridge derived
Derived from the 2024 and 2025 balance sheets and the 2025 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €17,849,129 | €15,525,811 | -€2.3m | -13.0% |
| Fixed assets | 21/28 | €539 | €103 | -€436 | -80.9% |
| Tangible fixed assets | 22/27 | €539 | €103 | -€436 | -80.9% |
| Furniture and vehicles | 24 | €539 | €103 | -€436 | -80.9% |
| Current assets | 29/58 | €17,848,589 | €15,525,708 | -€2.3m | -13.0% |
| Amounts receivable after more than one year | 29 | €403,099 | €302,324 | -€100,775 | -25.0% |
| Trade receivables | 290 | €403,099 | €302,324 | -€100,775 | -25.0% |
| Stocks and contracts in progress | 3 | €13,143,225 | €10,906,104 | -€2.2m | -17.0% |
| Stocks | 30/36 | €13,143,225 | €10,906,104 | -€2.2m | -17.0% |
| Property held for sale | 35 | €13,143,225 | €10,906,104 | -€2.2m | -17.0% |
| Amounts receivable within one year | 40/41 | €3,629,614 | €3,120,540 | -€509,074 | -14.0% |
| Trade receivables | 40 | €100,775 | €103,755 | +€2,980 | +3.0% |
| Other amounts receivable | 41 | €3,528,839 | €3,016,785 | -€512,054 | -14.5% |
| Cash at bank and in hand | 54/58 | €670,547 | €1,194,499 | +€523,952 | +78.1% |
| Deferred charges and accrued income | 490/1 | €2,105 | €2,240 | +€135 | +6.4% |
| Total equity and liabilities | 10/49 | €17,849,129 | €15,525,811 | -€2.3m | -13.0% |
| Equity | 10/15 | €7,162,229 | €7,816,927 | +€654,698 | +9.1% |
| Contributions | 10/11 | €75,000 | €75,000 | = | 0.0% |
| Capital | 10 | €75,000 | €75,000 | = | 0.0% |
| Issued capital | 100 | €75,000 | €75,000 | = | 0.0% |
| Reserves | 13 | €7,087,229 | €7,741,927 | +€654,698 | +9.2% |
| Non-distributable reserves | 130/1 | €7,500 | €7,500 | = | 0.0% |
| Legal reserve | 130 | €7,500 | €7,500 | = | 0.0% |
| Distributable reserves | 133 | €7,079,729 | €7,734,427 | +€654,698 | +9.2% |
| Amounts payable | 17/49 | €10,686,900 | €7,708,884 | -€3.0m | -27.9% |
| Amounts payable within one year | 42/48 | €10,673,689 | €7,699,541 | -€3.0m | -27.9% |
| Financial debts | 43 | €7,396,030 | €5,200,113 | -€2.2m | -29.7% |
| Credit institutions | 430/8 | €7,396,030 | €5,200,113 | -€2.2m | -29.7% |
| Trade debts | 44 | €49,124 | €41,365 | -€7,759 | -15.8% |
| Suppliers | 440/4 | €49,124 | €41,365 | -€7,759 | -15.8% |
| Taxes, remuneration and social security | 45 | €71,826 | €102,253 | +€30,427 | +42.4% |
| Taxes | 450/3 | €71,826 | €102,253 | +€30,427 | +42.4% |
| Other amounts payable | 47/48 | €3,156,710 | €2,355,810 | -€800,900 | -25.4% |
| Accrued charges and deferred income | 492/3 | €13,211 | €9,343 | -€3,868 | -29.3% |
| Operating income | 70/76A | €10,986,633 | €4,453,019 | -€6.5m | -59.5% |
| Turnover | 70 | €10,949,051 | €4,446,447 | -€6.5m | -59.4% |
| Other operating income | 74 | €5,576 | €5,580 | +€4 | +0.1% |
| Non-recurring operating income | 76A | €32,006 | €992 | -€31,014 | -96.9% |
| Operating charges | 60/66A | €8,654,381 | €3,386,528 | -€5.3m | -60.9% |
| Goods for resale, raw materials and consumables | 60 | €8,615,726 | €3,334,304 | -€5.3m | -61.3% |
| Purchases | 600/8 | €649,644 | €1,097,184 | +€447,540 | +68.9% |
| Change in stocks: decrease (increase) | 609 | €7,966,082 | €2,237,120 | -€5.7m | -71.9% |
| Services and other goods | 61 | €36,915 | €50,642 | +€13,726 | +37.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €448 | €436 | -€12 | -2.7% |
| Other operating charges | 640/8 | €1,291 | €1,145 | -€146 | -11.3% |
| Operating profit (loss) | 9901 | €2,332,252 | €1,066,491 | -€1.3m | -54.3% |
| Financial income | 75/76B | €42,614 | €46,392 | +€3,778 | +8.9% |
| Recurring financial income | 75 | €42,614 | €46,392 | +€3,778 | +8.9% |
| Income from current assets | 751 | €42,614 | €45,866 | +€3,252 | +7.6% |
| Other financial income | 752/9 | - | €526 | +€526 | |
| Financial charges | 65/66B | €572,151 | €233,007 | -€339,144 | -59.3% |
| Recurring financial charges | 65 | €572,151 | €233,007 | -€339,144 | -59.3% |
| Debt charges | 650 | €571,958 | €232,631 | -€339,327 | -59.3% |
| Other financial charges | 652/9 | €193 | €376 | +€182 | +94.1% |
| Profit (loss) for the period before taxes | 9903 | €1,802,715 | €879,877 | -€922,838 | -51.2% |
| Income taxes | 67/77 | €446,826 | €225,179 | -€221,647 | -49.6% |
| Taxes | 670/3 | €446,826 | €225,850 | -€220,975 | -49.5% |
| Tax adjustments and reversals of tax provisions | 77 | - | €672 | +€672 | |
| Profit (loss) for the period | 9904 | €1,355,889 | €654,698 | -€701,191 | -51.7% |
| Profit (loss) for the period to be appropriated | 9905 | €1,355,889 | €654,698 | -€701,191 | -51.7% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 September 2026 via checked.be.